BB&T upgrades YRC Worldwide (YRCW) to Hold from Underweight. Shares rose a monumental 41%...


BB&T upgrades YRC Worldwide (YRCW) to Hold from Underweight. Shares rose a monumental 41% Friday after the company said Q1 operating income was positive for the first time in six years. "One of the stigmas in the marketplace about you guys [is that you have] older equipment," BB&T analyst Thomas Albrecht says on the call. "I don't lose a lot of sleep" over that, responds CEO James Welch, "our equipment is decent." Albrecht also sounds a positive note about pricing, even as management is more conservative. Shares +4% premarket. (transcript)

From other sites
Comments (1)
  • Michael Bryant
    , contributor
    Comments (6933) | Send Message
     
    Well, (YRCW) posted another 41% gain today. Within less than 5 days, shares have doubled. Sure, I am bullish on the stock, but one can sense profit-taking coming soon.
    6 May 2013, 09:30 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs